Dangote-influenced the calls within inner circle for the sack of Emefiele.
The Fitch Connection; Why Buhari may carve in to calls for his sack!

Now, what Nigerian big men don't understand is the Central Bank boss is the most important employee whose wim & caprices affects a lot of things.

To serve better, Central Bank governors are liken to Mafia bosses, who are only heard and not seen. They're Best left alone to work out details without meddling business men begging favors at each turnings. Should there be any reason to toss him away, as it is currently be pushed forward, it's best done discreetly without loud noises less the currency takes a hit.

If a Central Bank governor goes rogue, keeping him might be a problematic & untenable, but I tell you, sacking him presents another higher problem; an after shock effect on the currency! It always plunge downwards, that's why their job is kind of protected from outright sacking by the President or Chancellor of the Exchequer. These are stuffs you can not manipulate. There are specific rules that guide these, and it's international.

Genesis of the whole thing.
Dangote seeing a Gap in supply chain & management of refined petroleum products in Nigeria, overreached his capacity, and over exposed his Assets when he plunged into Petroleum Refinery within a time his capacity can not accommodate.
To augment the free dollars he gets from CBN, he took tons of loans from international loan sharks, the type that make or Mar governments world wide. The type that ran Donald Trump out of White House. These IMF, Bretton Woods dealers run the show. No single President or wealthy man is beyond their reach. They owned CNN, BBC, fox, and all the best rating agencies. Woe betide you if you fall out of their good books.

While Mr Dangote gathered these tons of loans, his repayment plan & schedule were somewhat vague. Anyway, he's one of them, and they gave him the complimentary fundings. Thus he is now indebted to these International loan sharks and they are bent on humiliating him for lying to them that he is a wealthy man Whereas he's just a lucky, Quote, "motherfucker" privileged to have a non independent Central Bank boss and an unschooled president, who Dilly die like a ping pong to his advised voodoo economic development, thereby.. getting dollars through the back door without considering the implications of such Free dollars. Now reality is starring him straight up. No more dollars for Freebies!
With liabilities, internationally & locally far exceeding his Assets, it's confirmed that Mr Aliko Dangote is broke, and hedge fund managers, international Lenders won't want to touch him even with a long stick.

Buhari is furious. He has great plans to Commission a Refinery & a bridge before he leaves in 2023.
He should be. The Refinery is built by Dangote, while the bridge is handled by PPP. Neither of them appears to be possible by May 2023. At least from what international Rating Agency; Fitch, had uncovered.

The excuse Mr Dangote & his men is pushing to Mr Buhari is that since Emefiele Godwin won't play along anymore, and Mr Buhari is desirous of commissioning the Refinery by next year before handover, sacking Mr Godwin is a great gain, as it will be impressed upon the new CBN boss, Who ever he might be, to provide the needed dollars for Mr Dangote to complete his Refinery and thus, Mr Buhari can Commission his legacy before leaving in 2023.

A masterstroke if you ask me. But the downside of this plan is that the naira would plunge further and gets closer to #1200 in Exchange to to $1. Is this a risk Mr Dangote is advising, and Mr Buhari willing to accept?

However, What Western observers failed to understand is why Mr Dangote isn't tolling the international Lenders paths to raise the much needed funds for Completion of his project? I think I know the answer: he's got cooked books, and lot's of financial discrepancies. A complete Audit by Regulatory agencies in say, New York, would ask for Full Disclosure. That's after Fitch advisory. Honestly, I hate to be in Dangote shoes. A little more mistake, his international buddies would destroy him using Western press & agencies. Like I said earlier, these guys run the show!

The Goodwill Buhari came with is destroyed, partly due to no fault of his. His two major legacies in the south is hanging in the balance;

1. The second niger bridge.

2. The Refinery that would address the perinial downstream struggles in Nigeria...

The scape goat been pushed up is Dr Emefiele Godwin, erstwhile boss of one of the most successful Bank in West Africa; Zenith Bank, and currently Governor of Central Bank of Nigeria. By implications if Nigeria was indeed the giant of Africa as purportedly pushed across board, Emefiele Godwin should be one of the most sought after government employee in Africa, and that is, if Mr Emefiele Godwin was alive to his responsibility, and had told Mr Buhari the danger of allowing Mr Dangote & other, Quote, "Nigerian Big men", influence his Gov monetary policies.

The after shock is becoming clearer now. Nigeria naira is on it's way to join the Venezuelan, or Zimbabwe dollar.

What the duo of Messrrs Dangote or Buhari failed to understand is that they bore full responsibility for the failure of Monetary Policy in Nigeria, by implications fully responsible for plunging millions of house hold in Nigeria into poverty.

Our Findings.
Firstly, Emefiele Godwin, by some Account actually pleaded through a top Buhari confidant; he's late now, for a free hand to run CBN just like he did at Zenith Bank. He was told to keep quiet or Bleep off. Well, he's got to earn a living,so he stayed on the job rather than quitting.

To this effect, he came up with some laudable programs for local contents for Farmers & for local businesses struggling to remain afloat etc., to ameliorate the spread effect he had forseen. He was largely successful because it was at that point productivity rose for the first time since 2016 when economic summersaults began in Nigeria.

I am certain Mr Godwin Emefiele is oblivious of the fact he is solely going to take the blame for the mess the Nigeria monetary policy has become by allowing back door policy influencing at the CBN through Messrs Dangote & Buhari Gov patronage.

In saner clime, Dangote would be facing rigorous Fiscal Investigations, especially after the report by Fitch; World Biggest Rating Agency, puts him as a broke man. So how the hell had he been getting the dollars? The answer is best provided by Emefiele Godwin!

Kindly prepare for hard times ahead, because the naira is going to take a hit soon!

In a sane country, the fool should be jailed asap.

You should have given credit to the original author of this article cos I'm very sure you did not write it yourself!

Kobicove:
You should have given credit to the original author of this article cos I'm very sure you did not write it yourself!

This Article (Post) is written by the Co founder of Bigkoko Ltd ; & exclusively owned by Bigkoko African Integrated Services Ltd Kigali Rwanda.

We don't plagiarized or copy posts from individuals!

I have always said Dangote is one of the problems of Nigeria. In the western world every wealthy man has a service they provide which is their brainchild. Mark-facebook,jeff-amazon,jack-twitter,musk-Tesla/space x etc.what services is Dangote's sole innovation? The man is into normal buying and selling just like everyone else,the difference been Government gives him waiver in most things thereby giving him monopoly of most businesses.
Learnt otedola left the oil sector because of him

If Mr Buhari allows Mr Emiefele some free hands to implement hurtful Fiscal Measures; though temporary, despite bit late, the Naira might be saved and levels out around 409 in exchange to a dollar. This is the best the naira can perform until a new leader is sworn in. Bigkoko had the rare privilege of sighting a Monetary FRAMEWORK on this. But if Mr Buhari goes ahead to fire Mr Emiefele, well, expect the naira to race down towards 1200 in exchange to $1 before May 2023.

Commissioning a Refinery isn't as important as saving your National Currency. While the refinery is at best a private business OWNED by a crooked business man, the same can not be said about the National Currency which happens to be a legal tender in the territory called Nigeria.

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Soulsymbol99:
I have always said Dangote is one of the problems of Nigeria. In the western world every wealthy man has a service they provide which is their brainchild. Mark-facebook,jeff-amazon,jack-twitter,musk-Tesla/space x etc.what services is Dangote's sole innovation? The man is into normal buying and selling just like everyone else,the difference been Government gives him waiver in most things thereby giving him monopoly of most businesses.
Learnt otedola left the oil sector because of him

..

This time around Mr Dangote is going to face a formidable opposition, and might likely fail in his petroleum refinery venture because some international Mafias are involved. Dollar for Dollar, they can beat him. Lobbying? They all have links to top governments around the world including to M Buhari. And largely because Mr Buhari will be leaving by May 2023.

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